What is Renter’s Insurance?

what is renter's insurance, TJ Wood Insurance Agency, Worcester, MAAccording to the 2013 American Community Survey, over one-third of Americans currently live in households which they rent. This spans entire familys to single individuals, over many different income brackets and walks of life: one thing they have in common? While they rent their property, they all have possessions which they store in their home. So what happens if those possessions are stolen or damaged? Who pays for them? While landlords have their property insured, the contents are the renter’s responsibility. You need renter’s insurance. What is renter’s insurance? [Read more…]

Renting Tips: Renters Insurance

Since renters insurance isn’t a requirement when renting an apartment or home, many people don’t bother to purchase renters insurance. However, what these people don’t know is that it is a key tool in protecting yourself, and it is a small expense that could save you in a big way. Even if the landlord has insurance on the apartment or house, you are still responsible for your own belongings in a burglary, fire, or any other occurrence that would destroy your valuables. Understanding what renters insurance protects will help you know why it’s important to have. [Read more…]